SBA NATIONAL CREDIT OFFICER

Responsibilities:

• Manages SBA credit and underwriting team. Underwrites and approve credit requests for SBA 7(a), and 504 and USDA LOAN transactions
• Responsible for updating and implementing policies and procedures and best practices for SBA 7a, 504 and USDA loans.
• Review of prequalification submissions from BDOs, credit packages, completion of transaction spreads and financial analysis, preparation of credit presentations, credit modifications, loan commitment letters, and other reports.
• Presents credit requests as needed to the credit committee and/or Chief Credit Officer.
• Exercises credit approval authority to ensure a granular, diversified and performing portfolio.
• Supports Bank policy regarding credit concentrations and manages approvals to ensure overall compliance.
• Supports overall efforts to add new customers to build and diversify the revenue stream.
• Works with the business line to ensure overall satisfaction and retention through responsive delivery of appropriately structured credit products.
• Works with the business line to develop proactive strategies to reduce exposure and risk while managing negative market perception.
• Provides direct management of the Underwriting Group, provides credit underwriting and structural guidance to business line within policy and risk parameters:
• Develops and monitors workflow priorities for team.
• Develops policies and procedures to ensure uniform practices across division.
• Oversees the quality of prescreens and credit presentations so the final product anticipates issues and logically supports the proposed transaction.
• Provides training and mentoring of Underwriters, developing increased independence in all job aspects, particularly relating to more complex credits.
• Facilitates periodic credit review of the loan portfolio.
• Updates Underwriting Group with respect to policy updates regarding SBA loan guidelines and S.O.P.s.
• Supports an equal employment opportunity environment and takes action to prevent harassment and intimidation in the workplace.
• Communicates and supports the strategic plan, company initiatives, business goals, objectives, and performance expectations.
• Develops personal and business unit credibility with business line managers, external auditors, software vendors, regulators, compliance and executive management.
• Ensures actions and results consistently benefit the entire organization.
• Builds effective internal relationships.
• Holds self and others accountable; is empathetic and demonstrates personal growth and the ability to self-reflect.
• Makes important personal contributions to the organization (improved systems functionality, policies, procedures, and processes).
• Demonstrates solid strategic and critical thinking and exercises solid business judgment.
• Serves as the designated credit product expert for Small Business Administration (SBA) Lending:
• Maintains expert knowledge of relevant regulations (including compliance and related accounting); monitors updates, identifies impacts and recommends changes.
• Recommends updates to relevant sections of Loan Policy.
• Establishes related underwriting guidelines and expectations, develops required loan presentation content and standardized approaches, and recommends updates as appropriate.
• Recommends key loan documentation requirements.
• Develops related procedures; identifies opportunities for improved efficiency and effectiveness, recommends updates, conducts relevant training
• Monitors related exposure concentrations; recommends limits.
• Serves as product liaison with other departments/business lines.
• Participates in information sharing meetings with other credit product experts.
• Works closely with closing and servicing departments to help ensure proper documentation and as an expert reference.
• Provides advice and expertise on troubled credits as to best course of action.
• Manages overall personnel effectiveness, including recruitment, development, retention and results:
• Hires and develops highly qualified individuals.
• Cultivates a positive, rewarding and healthy environment to ensure productivity and employee retention.
• Ensures clear communication of goals and expectations to ensure achievement of departmental objectives and the Bank’s strategic plan through job descriptions, goal setting, performance reviews and actions.
• Provides performance feedback and coaching, holding employees accountable and fosters a culture built around empathy. Proactively identifies and deals with underperforming employees and identifies and retains top performing/high potential employees through appropriate incentives and recognition.
• Supports each employee’s own personal development and ensures active participation in required or company-sponsored training.
• Ensures consistent recruiting to maintain adequate depth, breadth and succession.

Required Qualifications

• 10+ years’ experience in commercial credit underwriting, credit administration and/or credit approval.
• Minimum 5+ years’ experience managing underwriters in an SBA lending environment.
• Bachelor’s degree in related field.
• Demonstrated leadership skills and professionalism.
• In-depth knowledge of the banking industry in general, and commercial banking in particular.
• Excellent verbal and written communication skills with internal/external constituents.
• Demonstrated analytical, decision making, problem solving, and critical/strategic skills.
• Familiarity with credit policies, business and contract law, and regulations relating to commercial lending.
• Ability to negotiate on behalf of the Bank while appropriately balancing risk and shareholder value.
• Ability to work in a team environment and demonstrate flexibility as business dictates.
• Ability and willingness to investigate resolve and recommend process improvement opportunities.
• 7+ years of management experience.
• Undergrad degree in Finance, Business or other related field
• Banking/Finance certifications through ABA, Center for Financial Training, Omega Training
• Served in a credit approval capacity with signature approval of up to $1,000,0000

 

 

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